Highlights
Financial Highlights
| Bank | Group | |||||
| As at 31 December | 2017 | 2016 | Change % | 2017 | 2016 | Change % |
| Results of Operations (LKR million) | ||||||
| Total income | 189,211 | 154,121 | 22.8 | 197,013 | 159,701 | 23.4 |
| Net interest income | 58,356 | 53,957 | 8.2 | 61,490 | 56,606 | 8.6 |
| Profit before financial VAT, NBT and tax | 37,592 | 37,454 | 0.4 | 38,195 | 36,431 | 4.8 |
| Profit before tax | 30,343 | 31,189 | (2.7) | 30,816 | 30,117 | 2.3 |
| Profit after tax | 21,312 | 24,791 | (14.0) | 21,487 | 23,386 | (8.1) |
| Value to the Government | 28,524 | 30,064 | (5.1) | 28,923 | 30,554 | (5.3) |
| Financial Position (LKR million) | ||||||
| Total assets | 1,951,804 | 1,669,291 | 16.9 | 1,999,410 | 1,716,557 | 16.5 |
| Gross loans and advances | 1,219,914 | 1,047,190 | 16.5 | 1,252,363 | 1,075,952 | 16.4 |
| Loans and advances net of provisioning for impairment | 1,163,161 | 1,000,083 | 16.3 | 1,194,294 | 1,027,768 | 16.2 |
| Deposits due to customers | 1,546,832 | 1,256,589 | 23.1 | 1,566,376 | 1,273,631 | 23.0 |
| Total liabilities | 1,840,649 | 1,576,442 | 16.8 | 1,877,084 | 1,613,202 | 16.4 |
| Total equity | 111,155 | 92,850 | 19.7 | 122,326 | 103,355 | 18.4 |
| Per Share Data (LKR) | ||||||
| Basic earnings per share | 1,856 | 2,479 | (25.1) | 1,870 | 2,350 | (20.4) |
| Net assets value per share | 7,410 | 9,285 | (20.2) | 8,093 | 10,248 | (21.0) |
| Performance Ratios (%) | ||||||
| Return on average assets | 1.7 | 1.9 | (0.2) | 1.7 | 1.8 | (0.1) |
| Return on average equity | 20.9 | 28.4 | (7.5) | 19.0 | 23.8 | (4.8) |
| Interest margin | 3.2 | 3.3 | (0.1) | 3.3 | 3.4 | (0.1) |
| Cost to income | 38.4 | 43.0 | (4.6) | 40.5 | 46.7 | (6.2) |
| Loans to deposits | 78.9 | 83.3 | (4.4) | 80.0 | 84.5 | (4.5) |
| Debt to equity | 41.5 | 124.5 | (83.0) | – | – | – |
|
Impairment provision as a percentage of gross loans and advances |
4.7 | 4.5 | 0.2 | 4.6 | 4.5 | 0.1 |
| Statutory Ratios (%) | ||||||
|
Liquid assets ratio (Domestic) (Minimum requirement 20%) |
27.2 | 21.6 | 5.6 | – | – | – |
|
Liquidity coverage ratio (LKR) (Minimum requirement 80%) |
141.5 | 174.1 | (32.6) | – | – | – |
|
Liquidity coverage ratio (All currency) (Minimum requirement 80%) |
105.0 | 102.0 | 3.0 | – | – | – |
| Capital Adequacy Ratio (%) | ||||||
|
Common Equity Tier 1 Capital (Minimum requirement – Basel III – 6.25%) |
10.8* | N/A | – | 10.9* | N/A | – |
|
Tier 1 capital (Minimum requirement – Basel II – 5%, Basel III – 7.75%) |
10.8* | 8.7 | 2.1 | 10.9* | 8.8 | 2.1 |
|
Total capital (Minimum requirement – Basel II – 10%, Basel III – 11.75%) |
14.6* | 12.3 | 2.3 | 14.5* | 12.5 | 2.0 |
*Capital adequacy ratios for 2017 have been calculated in accordance to the Basel III requirements.